Not only can you automatically add captions to videos, you can now automatically translate those captions into foreign languages so that your video can be consumed by more viewers. Google has updated YouTube with a feature that will automatically translate your video's captions into a foreign language by using Google's Translate and Translator Toolkit.
Even cooler, Google has provided the option to crowd-source the translation to community members. The crowd-sourced version will likely be better than anything the automated tool can produce, but at least the automated tool gives users a place to start. And think about how much fun this tool is likely to create!
Since we know that YouTube's automatic captioning tool isn't the best--hey, it's hard to get speech-to-text to work well--translations, which are oft plagued with mistakes as well, of the already bad captions could result in some really funny captions. Trouble is, I'll need to learn a foreign language to know that they are bad.